Dan invests £3400 into his bank account.
1 answer:
Answer:
<h2>$4556</h2>
Step-by-step explanation:
Step one:
given data
Principal =£3400
rate= 5%= 0.05
time = 6years
Step two:
Required
The final amount A
A= P(1+r)^t
A=3400(1+0.05)^6
A=3400(1.05)^6
A=3400*1.341
A=$4556
after 6 years Dan will have $4556
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